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The Financial Conduct Authority’s new controls on payday lenders are geared toward protecting borrowers from excessive charges, which is welcome news. From January of next year, the regulator will impose…

Eyes on the prize. Regulation will hamper, but not destroy the payday loan industry.
PhotoGraham12 novembre 2014

The announcement that payday lending industry will – finally – see a cap on the cost of credit is welcome news. But any belief that this one simple measure will eliminate the industry would be mis-guided…

Has Wonga gone out of its mind? Yesterday it effectively wrote off £220m owed to the payday lend by 330,000 borrowers who were more than 30 days in arrears in paying back their debt. It might seem like…

British regulators have finally made some progress in efforts to keep a lid on the payday lending sector. A cap on costs will reduce the impact on those forced to borrow under the industry’s tough terms…

A wall of indebted students at the University of Portsmouth.
upsuportsmouth17 juillet 2014

“Life imitates art far more than art imitates life,” according to Oscar Wilde. No more so than in the contemporary issue of debt. It seems that while we may have been born free, many of us will die financially…

Facebook’s efforts in 2012 to manipulate the emotions of its users for part of an academic study have left the kingpin social network struggling to explain its actions. Maybe part of their mistake was…

The age of austerity exposes the severe failings of British commitment to growth dependent on the financial sector, in particular the problems created by excess indebtedness. Of course, the coalition government…

October was a particularly good month for the spectacle of politicians, policymakers and their ancillary retinue of experts getting all hot and bothered about the buoyant payday loan industry. We saw the…

Pressure is mounting on high cost credit companies to face tighter controls when they hand out short-term loans. Debt advice agencies, consumer organisations, anti-poverty campaigners and a cross-party…

The Archbishop of Canterbury, Justin Welby, has become increasingly involved in debates about the UK financial sector. The embarrassing revelations that the Church has invested indirectly in payday lender…

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